Moving to RBS
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RBS and ABN AMRO
The Netherlands
Europe (excluding the Netherlands)
Asia
Latin America
North America
A great deal of ABN AMRO's businesses around the world will be distributed to RBS's Global Banking & Markets (GBM) business. GBM is a leading banking partner to major corporations and financial and governmental institutions around the world, providing an extensive range of debt financing, risk management and investment services to its customers. In the past five years it has achieved a pre-eminent position in each of the markets it has entered, and today it is a leading global provider of bonds, loans, securitisation, leveraged finance, project finance, FX and risk management products. Return to top The Netherlands
The businesses that are joining RBS in the Netherlands are Business Unit (BU) Global Clients and wholesale clients in the Netherlands, and the product capabilities serving their clients within the Global Markets and Transaction Banking Product Business Units in the region.
Combining these areas of ABN AMRO in the Netherlands with RBS's GBM business will offer customers access to the leading corporate and institutional bank in Europe in the provision of banking services to major corporate, institutional and commercial customers. It will combine RBS product strengths and relationship models with ABN AMRO's international cash management, payments and trade finance products to deepen the combined customer franchise and enhance the product and service offering to customers.
The Netherlands is viewed as an excellent home for investment by RBS and they already have a small presence in the Netherlands, which they intend to grow. RBS is currently finalising new investment plans in the country as part of creating the infrastructure they need to support their growth aspirations in the Netherlands and wider global banking market. RBS expects to expand the number of people they employ in the Netherlands by a substantial number. Return to top Europe (excluding the Netherlands)
The businesses that will join RBS in Europe (ex-Netherlands) are BU Global Clients and BU Europe (excluding Antonveneta) and the product capabilities serving their clients within the Global Markets and Transaction Banking Product Business Units in the region.
Combining these areas of ABN AMRO with RBS Global Banking & Markets business will create the leading corporate and institutional bank in Europe. As well as serving corporate and institutional customers through its Global Banking & Markets division, it also provides insurance services in Italy, Germany and Spain and has a network of more than 100 Ulster Bank branches in the Republic of Ireland through Ulster Bank Group.
In Europe (including the UK) the combined RBS / ABN AMRO business will consolidate RBS's position as the leading wholesale and fixed income bank. The combination of the two banks' structured investor products capabilities and distribution platforms will create a significantly stronger business with good opportunities for growth, not least in the expanding markets of Eastern Europe and the Middle East. Moreover the consumer businesses within BU Europe provide attractive opportunities for growth, building on ABN AMRO's established infrastructure in a variety of markets. Return to top Asia
The businesses that will join RBS in Asia are BU Asia (excluding Saudi Hollandi), BU Global Clients and the product capabilities serving their clients within the Global Markets and Transaction Banking Product Business Units in the region. RBS will also acquire the Private Clients Units in India and Indonesia.
The Asia Pacific region delivered a 105% growth in income for RBS in the year leading up to June 2007. RBS already employs 1,900 people, having recently invested significantly in its Global Banking & Markets business and wealth management division. Combining RBS and ABN AMRO's wholesale business will create a top 5 corporate and institutional bank in Asia Pacific (ex Japan).
RBS has a strongly growing wealth management business in the region which serves the rapidly growing number of affluent customers. In combining with ABN AMRO's retail activities in the area, as well as the acquisition of the Private Clients Buiness Units in India and Indonesia, there is a strong opportunity to build businesses in selected countries, accelerating the Group's wealth management strategy and adding the capability to offer credit cards and a potentially broader product range. Return to top Latin America
The businesses that will join RBS are BU Global Clients and Wholesale Clients in Argentina, Chile, Colombia, Mexico and Venezuela and the product capabilities serving their clients within the Global Markets and Transaction Banking Product Business Units in the region. RBS will also invest in establishing its own presence in Brazil, assisted by Santander.
RBS believes it can help to deepen ABN AMRO's existing relationships with corporate and institutional customers in the region. By leveraging the Global Banking & Markets business strengths in natural resources and project finance, the combined business will offer customers access to one of the top 5 global corporate and institutional banks. Return to top North America
The businesses that will join RBS in North America are BU North America, BU Global Clients and the product capabilities serving their clients within the Global Markets and Transaction Banking Product Business Units in the region.
The combination of RBS Global Banking & Markets (GBM) and ABN AMRO's wholesale business creates a leading corporate and institutional business with scale, global reach and significantly enhanced growth prospects.
RBS has had a significant presence in the US since 1988 when it acquired Citizens Financial Group. Since then Citizens has grown from being the seventh largest bank in the smallest state in the Union, to the eighth largest commercial banking group by deposits in the entire US.
RBS Group now employs 24,800 staff in the US through Citizens Financial Group and its corporate banking division, Global Banking & Markets including RBS Greenwich Capital.
In addition to the considerable opportunity to grow the large corporate and institutional franchise in the US, the combined corporate business is expected to be able to deliver a full range of financial and risk management solutions to mid-corporate customers. The combined operation will then become the number 5 ranked corporate and institutional bank in the US.
